How do supply and demand help determine the price of a product?

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asked Jun 12, 2021 235k views

2 Answers

Konchog · Answer 1 · 2021-06-15T05:01:17+0000

Answer:

if supply is low but demand is high the price will go up due to limited supply however if demand is low and supply is high the price will be lower because there is a surplus of supplies and not very many people buying it

Step-by-step explanation:

Brice · Answer 2 · 2021-06-16T15:17:29+0000

Answer:

By creating a balance between buyers who want low prices and sellers who want high prices

Step-by-step explanation:

How do supply and demand help determine the price of a product?

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